Nonprofit · EIN 95-4038658
LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES
Tax-exempt · DOWNEY, CA 90242
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $3,212,105 | $2,426,548 | $785,557 | $131,780,652 | $138,718,768 | -$6,938,116 |
| June 30, 2024 | 990 | $5,554,340 | $4,867,917 | $686,423 | $163,002,409 | $170,726,082 | -$7,723,673 |
| June 30, 2023 | 990 | $5,826,287 | $4,797,352 | $1,028,935 | $205,869,854 | $214,279,950 | -$8,410,096 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $3,212,105
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $2,426,548
Balance sheet and other
- Total assets, start of year
- $163,002,409
- Total assets, end of year
- $131,780,652
- Total liabilities, end of year
- $138,718,768
- Net assets, end of year
- -$6,938,116
- Publicly traded securities
- $34,802,668
- Net assets without donor restrictions
- -$6,938,116
- Gross receipts
- $3,212,105
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1985
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MR PHILLIP DOWNING | EXEC. DIRECTOR Officer | 1 | $0 |
| DR ANTHONY CULPEPPER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MRS JULIE BOUCHER | VICE PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| MR JOHN NUNEZ | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 |
| MR FRANK BOSTROM | DIRECTOR Trustee or director | 1 | $0 |
| DR MICHAEL LIN | DIRECTOR Trustee or director | 1 | $0 |
| MR MANOJ ROYCHOWDHURY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ANTHONY CULPEPPER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MRS JULIE BOUCHER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR JOHN NUNEZ | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 |
| DR MICHAEL LIN | DIRECTOR Trustee or director | 1 | $0 |
| MR FRANK BOSTROM | DIRECTOR Trustee or director | 1 | $0 |
| MR JEFF YOUNG | EXEC. DIRECTOR (TERM END 5/2024) Officer | 1 | $0 |
| MR PHILLIP DOWNING | EXEC. DIRECTOR (TERM START 8/2024) Officer | 1 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DR ANTHONY CULPEPPER | PRESIDENT Trustee or director, Officer | 1 | $0 |
| MRS JULIE BOUCHER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MR JOHN NUNEZ | SECRETARY/MEMBER Trustee or director, Officer | 1 | $0 |
| FRANK BOSTROM | MEMBER Trustee or director | 1 | $0 |
| MR JEFF YOUNG | EXECUTIVE OFFICER Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 9300 IMPERIAL HWY, DOWNEY, CA 90242-2813
- Principal officer (990 for 2024)
- ANTHONY CULPEPPER, 9300 IMPERIAL HIGHWAY, DOWNEY, CA 90242
- Signed the 990
- ANTHONY CULPEPPER, PRESIDENT
- Phone
- (562) 922-6166
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 95-4038658 or by the name LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO ASSIST MEMBER SCHOOL DISTRICTS IN THE ADMINISTRATION OF TAX-EXEMPT BONDS. TO PROVIDE SERVICES NECESSARY/APPOPRIATE FOR THE ESTABLISHMENT, OPERATION AND MAINTENANCE OF REGIONALIZED BUSINESS SERVICES AND PROGRAMS FOR PUBLIC SCHOOLS, COMMUNITY COLLEGES, AND LACOE.
Program accomplishments
- THE PURPOSE OF THE CORPORATION IS TO ADMINISTER THE ISSUANCE AND REPAYMENT OF BONDS ON BEHALF OF MEMBER PUBLIC SCHOOL DISTRICTS FOR ACQUISITION OF EQUIPMENT AND BUILDINGS CONSTRUCTION AND IMPROVEMENTS. IN 2024-2025 FISCAL YEAR, THE CORPORATION GENERATED $3.2 MILLION IN REVENUE. THESE PROCEEDS HELPED TO SUPPORT 1.2 MILLION STUDENTS THROUGHOUT THE 79 K-12 LA COUNTY SCHOOL DISTRICTS.Expenses $2,426,548
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 95-4038658
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $131,780,652
- Income (IRS master file)
- $3,212,105
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $3,212,105 | $2,426,548 | $131,780,652 | XML |
| 990 | June 2024 | $5,554,340 | $4,867,917 | $163,002,409 | XML |
| 990 | June 2023 | $5,826,287 | $4,797,352 | $205,869,854 | XML |
| 990 | June 2022 | $6,235,442 | $3,458,945 | $220,744,015 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-4038658).
Questions about LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES
- What is the EIN of LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES?
- The employer identification number (EIN) of LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES is 95-4038658.
- Is LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1998.
- Are donations to LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation).
- Which annual return does LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES?
- The 990 for the year ended June 30, 2025 names ANTHONY CULPEPPER.
- Who are the officers and directors of LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES?
- The 990 for the year ended June 30, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does LOS ANGELES COUNTY SCHOOLS REGIONALIZED BUS SERVICES have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $3,212,105, expenses of $2,426,548 and total assets of $131,780,652 at year end.
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